Kayne Anderson BDC (NYSE:KBDC) Sees Unusually-High Trading Volume – Should You Buy?

Kayne Anderson BDC, Inc. (NYSE:KBDC) saw an uptick in trading volume on Monday . 271,318 shares traded hands during trading, an increase of 261% from the previous session’s volume of 75,135 shares.The stock last traded at $16.45 and had previously closed at $16.39.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upped their target price on Kayne Anderson BDC from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.30.

Kayne Anderson BDC Price Performance

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a 50 day moving average price of $16.98 and a 200 day moving average price of $16.57.

Kayne Anderson BDC (NYSE:KBDC) last announced its quarterly earnings data on Monday, March 3rd. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.03). The firm had revenue of $56.34 million for the quarter, compared to analysts’ expectations of $53.01 million. Kayne Anderson BDC had a net margin of 59.80% and a return on equity of 12.65%. As a group, research analysts expect that Kayne Anderson BDC, Inc. will post 2.06 earnings per share for the current fiscal year.

Kayne Anderson BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.40 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.60 annualized dividend and a dividend yield of 9.71%.

Insider Activity at Kayne Anderson BDC

In other news, Director Susan C. Schnabel purchased 2,500 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was acquired at an average cost of $16.54 per share, for a total transaction of $41,350.00. Following the purchase, the director now directly owns 8,087 shares in the company, valued at $133,758.98. This trade represents a 44.75 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kayne Anderson BDC

Several institutional investors have recently made changes to their positions in KBDC. BNP Paribas Financial Markets purchased a new stake in Kayne Anderson BDC during the third quarter valued at approximately $44,000. CIBC Private Wealth Group LLC bought a new position in Kayne Anderson BDC in the 4th quarter worth $46,000. Marshall Wace LLP grew its holdings in Kayne Anderson BDC by 31.7% during the fourth quarter. Marshall Wace LLP now owns 18,117 shares of the company’s stock valued at $300,000 after purchasing an additional 4,359 shares during the period. Confluence Investment Management LLC grew its holdings in Kayne Anderson BDC by 5.9% during the fourth quarter. Confluence Investment Management LLC now owns 109,957 shares of the company’s stock valued at $1,819,000 after purchasing an additional 6,169 shares during the period. Finally, Citadel Advisors LLC increased its position in Kayne Anderson BDC by 21.1% in the fourth quarter. Citadel Advisors LLC now owns 56,078 shares of the company’s stock worth $928,000 after buying an additional 9,753 shares in the last quarter.

Kayne Anderson BDC Company Profile

Kayne Anderson BDC Inc is a business development company which invests primarily in first lien senior secured loans, with a secondary focus on unitranche and split-lien loans to middle market companies. Kayne Anderson BDC Inc is based in CHICAGO.